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Credit unions are packaging more auto loans into bonds as rates rise

Of 10 bonds backed by auto loans ever issued by credit unions in the US, six have occurred this year

Bloomberg News

Four years ago, a credit union sold a bond backed by auto loans for the first time. This year, more and more auto loans held by the non-profits are being packaged and sold into asset-backed markets, as elevated interest rates put pressure on credit unions’ balance sheets. Of the 10 bonds backed by auto loans […]

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